Tax Policy - Is Now the Time for a 0 billion Tax Increase? The massive debts governments across the globe are incurring to give life-support to their economies are going to leave policymakers with a tough choice: Raise taxes indiscriminately to pay off these...

IRS Tax News - Business interest expense election guidance for farming, real estate Real property or farming trades or businesses can withdraw their decision to elect out of Sec. 163(j)’s business interest expense limitation for a 2018, 2019, or 2020 tax year,...

IRS Tax News - IRS launches tool for nonfilers to receive stimulus payments The IRS has launched an online portal for taxpayers who are eligible to receive an economic impact payment but who are not normally required to file an income tax return because their...

Tax Policy - April 10th Afternoon State Tax Update On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to...